:: Vehicle Loan ::




Pavana Vehicle Loan


The Easiest Way to Own a Vehicle

Ride On Own Vehicle… …

Vehicle : Two Wheeler New / Old
Three Wheeler New / Old
Four Wheeler New / Old
Light Commercial Vehicle New / Old
Heavy Commercial Vehicle New / Old
Loan Amount : For Private Vehicle
90% of basic value

For Commercial vehicle
75% of basic Value
Guarantor : Two (Creditworthy Guarantor’s)
Membership : @ 2.5 % of Loan Amount in share if loan amount > Rs. 1.00 lack
Nominal Membership if loan amount < or =Rs. 1.00 Lack
Repayments : Max. period 36 months for 2 Wheeler
Max. period 60 months for 4 Wheeler
Security : Said Vehicle, Collector Security If Required
Documents : Quotation
Latest Income Proof of Applicant & Guarantor’s
o In case of Businessman- Last three I T returns with audited Financial Statement.
Bank Track Record last year
o In case of Salary Earner – Last three months Salary Certificate and one years
Salary a/c statement.
I D & R D Proof’s documents of Applicant & Guarantor’s
Bank Track Record
Borrower’s residential proof
Pre-closure : No Pre-closure Charges
Loan Processing Fee
As per Loan Amount.
Up to Rs 5.00 Lacks @ 0.60%
Rs. 5.00 Lacs to 10.00 Lacks @ 0.50%
Above Rs 10.00 Lacks @ 0.40%